MARA plans to raise $500 million to buy coins, Rumble adds $20 million in credit, and Victory Securities' holdings increase to 35%

According to Mars Finance, data from BBX shows that yesterday, publicly listed companies worldwide demonstrated a strong shift from “buying with own funds” to “large-scale capital market instruments” in the crypto treasury sector:

Convertible Bond Boom: Marathon Digital (NASDAQ: $MARA) announced yesterday its plan to issue $500 million in convertible preferred notes through a private placement, with the net proceeds mainly used to purchase more Bitcoin. This marks top mining companies following the MSTR model, leveraging capital market premiums to directly expand reserves.

Treasury Holdings Increase: Rumble (NASDAQ: $RUM) approved an additional $20 million Bitcoin allocation yesterday. As a major video platform, Rumble is viewing BTC as the core financial settlement asset for its decentralized content ecosystem.

Hong Kong Digital Pioneer: Victory Securities (HKG: 8540) disclosed yesterday that digital assets now account for 35% of its proprietary investment portfolio. The company explicitly stated it will leverage its licensed status with the Hong Kong Securities and Futures Commission to continue expanding its financial exposure in the Web3 space.

High Retention Strategy: TeraWulf (NASDAQ: $WULF) released its latest operational report, showing a Bitcoin HODL rate of 95% yesterday. Driven by nuclear energy’s low-cost advantage, the company has achieved nearly full “production and deposit” financial discipline.

Small and Mid-Cap Defense: LQR House (NASDAQ: $LQR) confirmed it executed a $1 million Bitcoin purchase plan approved yesterday. Although smaller in scale, this further validates that U.S. small and mid-cap companies generally regard BTC as a standard firewall against cash inflation.